How to Buy DigitalBits (XDB)

A Step-by-Step-Guide on how to buy DigitalBits (XDB)

Step 1 – Signup to Kraken

You'll first need to buy one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. DigitalBits (XDB) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide)

Make sure you've chosen the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find DigitalBits (XDB)

As soon as your deposit has been confirmed, you will now have access to your assets and you can start invest and trading. To buy DigitalBits (XDB) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to discover DigitalBits (XDB), you'll need to put the cointype (XDB) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “XDB/BTC” to advance.

Binance Hot To Buy DigitalBits (XDB)
Binance How to Buy (XDB) DigitalBits
Step 4 – Buy DigitalBits (XDB)

After you have located DigitalBits (XDB), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date tariff DigitalBits (XDB) was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of XDB you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole amount of XDB.

If you are glad, click on “Buy XDB”. Your plan will be filled as soon as a Vendor trades their XDB for the price you submitted.

Step 5 – Withdraw DigitalBits (XDB)

Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an longer time frame. To withdraw your DigitalBits (XDB), hover over the tab called “Funds” and click on “Withdraw”. DigitalBits (XDB) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate DigitalBits (XDB) by using the provided drop-down box. Enter the volumen of DigitalBits (XDB) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you are happy, click “Submit”. You may be asked for verfication via phone/email before a take off.

Binance Withdraw

Congrats! You have successfully bought and stored DigitalBits (XDB).

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (XDB) DigitalBits is stored within your wallet, you are done.

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